Protect Your Business With MPL Insurance

Protect Your Business With MPL Insurance

As a business owner you want to make sure that your business and personal assets are fully protected. If you are a professional service firm, it is important to explore MPL insurance, also known as miscellaneous professional liability insurance. Because every business is different, insurance solutions should be tailored to each company’s specific needs and a good insurance broker is experienced in finding the right coverage.

Applicable Business Classes

You may not think that your type of business needs MPL insurance, but it is always a good idea to speak with your agent to determine whether you are at risk. Examples of categories that benefit from miscellaneous professional insurance are as follows:

  • Administrative Services
  • Bookkeepers
  • Claims Adjusters
  • Collection Agencies
  • Educational Services
  • Forestry Managers
  • IT Services
  • Insurance Investigators
  • Interior Decorators
  • Printers
  • Process Servers
  • Real Estate
  • Research Firms
  • Risk Consultants
  • Staffing Firms
  • Tax Preparers
  • Temporary Placement Agencies

Types of Coverage

There are a number of MPL insurance coverage types that you may want to explore. Standard coverage includes:

  • Punitive Damages (most popular)
  • Personal Injury Coverage
  • Innocent Insured Coverage
  • Defense for Fraud, Dishonest, Intentional Acts
  • Independent Contractors Coverage
  • 50/50 Hammer Clause
  • Defense for Discrimination

Explore the different aspects of professional liability insurance so that you are protected against the unexpected.